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229 Island Hwy, View Royal, BC, V9B 1G3

MLS® # 975746
Vacant Land For Sale In View Royal, British Columbia
$1,350,000
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
229 Island Hwy, View Royal, BC
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ACTIVE
229 Island Hwy, View Royal, BC, V9B 1G3
$1,350,000

Property Information:

Explore the potential of this mixed residential development site in the picturesque View Royal! Encompassing 14,810 sq/ft, this property boasts a two-level home with recent updates. Positioned in a dynamic, growing area amidst new condominium constructions and nestled between a modern townhouse development and an older one, this site holds promise. The existing dwelling serves as an excellent investment, featuring two levels that cater to both rental income and potential owner occupancy. Conceptual plans are available for a 4-story apartment or a 10-townhouse development, adding versatility to the property. Currently, the home is a lucrative holding asset, generating $3,300/month in rental income. Situated in a highly walkable location, the property is just steps away from the 4 Mile Pub, parks, the galloping goose, schools, and the ocean. Whether you're heading to Vic General, CFB Esquimalt, or shopping destinations. Recent upgrades gas heating, foundation waterproofing, electrical.

Property Features:

  • Annual Tax Amount: $3,206
  • Building Features: Basement
  • Built in: 1937
  • Construction Materials: Wood
  • Floor Space (approx): 944 Square Feet
  • Flooring: Hardwood
  • Heating: Forced Air
  • Lot Frontage: 14810 Square Feet
  • Lot Size: 14810.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Unimproved Land
  • Utilities: Electricity Connected

Courtesy of: Fair Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Location of 229 Island Hwy, View Royal, BC, V9B 1G3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

23 hot days expected in 2050

Projected Precipitation Risk: High

13 storms expected in 2050

Projected Heat Risk: Moderate-Low

23 hot days expected in 2050

24/100

Moderate-Low

ClimateCheck®

Current data

This property, 229 Island Hwy , experiences 7 hot days per year at around 26.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 23 hot days at 29.9 degrees Celsius.

Projected Avg. Temperature

Past
26.9℃
2050
29.9℃

# Hot Days Per Year

Past
7
2050
23

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

13 storms expected in 2050

87/100

High

ClimateCheck®

Current data

This property, 229 Island Hwy , experiences 12 significant 2-day storms per year, with about 511.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 588.6mm of precipitation per year.

Precipitation Per Storm

Past
511.6mm
2050
588.6mm

48-Hour Storms Per Year

Past
12
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 229 Island Hwy, View Royal, BC, V9B 1G3

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$117,476.19

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.78 %

High school certificate or equivalent

32.64 %

Apprenticeship trade certificate/diploma

10.03 %

College/non-university certificate

19.71 %

University certificate (below bachelor)

2.3 %

University Degree

26.53 %

Commuter

Travel To Work

By Car

74.32 %

By Public Transit

10.6 %

By Walking

5.79 %

By Bicycle

6.61 %

By Other Methods

2.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.92 %

Houses

78.08 %

Own Vs. Rent

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